Tag: Sri lanks protests

"We have lost the ability to repay foreign debt." This was the message from Sri Lanka’s newly appointed Central Bank Governor Nandalal Weerasinghe to journalists on Tuesday. The announcement could signal a wave of defaults across the Global South and makes Sri Lanka the newest front in a war ...

As Sri Lankan society buckles under an economic crisis fueled in part by an enormous debt burden, China is pushing back against allegations that it stranded the desperate country in a ‘debt trap.’ Mass protests took place across Sri Lanka throughout last ...